Identifying overhead expenses.
Overhead could be dentistry's No. 1 enemy. As practices become more like corporate businesses, they will find that they need to streamline and slim down. This does not mean you should not invest in opportunity and growth, but that you should always analyze every dollar spent. If your overhead is not 10 percent below the national average, you may want to hire a professional consultant to keep you from losing as much as $40,000 to $50,000 per year in net income. Over 10 years, that is a significant amount of money when it is invested at a reasonable rate of return.
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D003365:Costs and Cost Analysis; D003756:Dental Hygienists / Q000191:economics; D006801:Humans; D011215:Practice Management, Dental / Q000191:economics*; D012456:Salaries and Fringe Benefits